Place of residence or citizenship?

Hi, I am an American citizen currently living in Germany. Because of my US citizenship and residence in Germany, I have to file both US and German tax statements.

From my understanding, bitcoin is treated as property in both countries. Income from sale of property seems to be taxed only in the country of residence. So if I profit from selling bitcoin while living in Germany, this profit is only taxable in Germany (if at all), but not in the US.

Is my understanding correct? Thanks for any ideas on this! Koinly is a great service by the way

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i have the same issue i live in ireland…